The Crypto Market continues its topsy turvy nature which has seen the value of the market begin to make inroads as we enter the fourth quarter of the year. After a negative price drop in trading on Saturday, the market picked up value in the past 24 hours.
The market has increased in capitalization levels from $170billion to $176 billion with Bitcoin dominance at 51.8%. it is no surprise that the positive movement of Bitcoin sparked a domino effect with many cryptos turning green in the past 24 hours.
Among the top 100 top coins, there was an increased movement for three coins which was notable. Tezos (XTZ), Lamda (LAMB) and Insight Chain (IMB) all gained double digits within the past 24 hours.
Tezos (XTZ) Boosted By Recent Spike In Value
Tezos (XTZ) continued its rise over the weekend with a double digits gain in value. The 16th largest cryptocurrency based on market cap started the weekend with a 16% increase in value before achieving a 13% rise in the past 24 hours.
This spike in value has seen the coin break the $1 mark within this period to reach its current value of $1.13. It’s market capitalization also reported an increase of over $150 million during the weekend leading the coin to move two spots on the ladder from 18th spot to 16th.
Lamda (LAMB) One Of The Surprise Gainers
Lambda (LAMB) was one of the biggest gainers in the past 24 hours as the coin gained 14.4% in value in the cryptocurrency market. The 93rd ranked crypto was able to gain this much as a result of its increasing popularity among researchers.
The coin is one of the unique blockchain projects as it aims to bridge the gap between researcher institutions and researchers for efficient funding. The recent gains of the coin has seen it rise in value to its current trading price of $0.118.
Insight Chain (IMB) Continuing In Its Recent Bullish Run
Insight Chain (IMB) has been on a bullish run in the past seven days with the coin gaining 17% in value over this period. IMB was one of the top gainers yesterday as the coin continued its recent good run gaining 13.82% in value pushing its current price to $0.25.
The 70th ranked coin is one of the blockchain projects that appears not to be popular but continues to push through developments. it remains to be seen if the coin can maintain its good run into the new week considering the volatile nature of the market.